Earnings
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Trends
Uber’s delivery business is now larger than ride-hailing
Uber reported its second-quarter earnings Thursday, and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates…
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Trends
Uber shares drop 4% after it loses more money than expected in Q2
Today after the bell, American ride-hailing giant Uber released its second-quarter results. The company’s revenue fell compared to both the…
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Trends
Even as cloud infrastructure growth slows, revenue rises over $30B for quarter
The cloud market is coming into its own during the pandemic as the novel coronavirus forced many companies to accelerate…
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Trends
Big tech crushes Q2 earnings expectations
Today after the bell, Apple, Alphabet, Facebook and Amazon reported their earnings results. Each bested expectations, and all but one…
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Trends
Huawei posts revenue growth in H1 despite sanctions and pandemic
Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued…
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STARTUPS
SaaS and cloud stocks finally give back ground
After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer…
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Trends
China’s food delivery giant Meituan hits $100B valuation amid pandemic
Meituan’s shares hit a record high on Tuesday, bringing its valuation to over $100 billion. The Hong Kong-listed giant, which…
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Trends
In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars
It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud.…
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Trends
AWS hits $10B for the quarter putting it on a $40B run rate
AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it…
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